On March 15, 2024, Rigetti Computing, Inc. announced the entry into a Sales Agreement with Needham & Company, LLC and B. Riley Securities, Inc., enabling the company to sell shares of its common stock at its discretion. The potential sales will be conducted as 'at-the-market' equity offerings, as defined by Rule 415(a)(4) of the Securities Act, and may occur on The Nasdaq Capital Market or other trading markets. The agreement allows for the sale of shares with a total offering price of up to $100 million, under the company's effective registration statement and the related prospectus supplement. The Agents will receive up to 3% of the gross sales price as compensation and will be reimbursed for certain expenses. Rigetti Computing has also...Show More

On March 15, 2024, Rigetti Computing, Inc. announced the entry into a Sales Agreement with Needham & Company, LLC and B. Riley Securities, Inc., enabling the company to sell shares of its common stock at its discretion. The potential sales will be conducted as 'at-the-market' equity offerings, as defined by Rule 415(a)(4) of the Securities Act, and may occur on The Nasdaq Capital Market or other trading markets. The agreement allows for the sale of shares with a total offering price of up to $100 million, under the company's effective registration statement and the related prospectus supplement. The Agents will receive up to 3% of the gross sales price as compensation and will be reimbursed for certain expenses. Rigetti Computing has also agreed to indemnify the Agents against certain liabilities. The company is not required to sell any shares under this agreement, which may be terminated by either party under specific conditions. The Sales Agreement and legal opinion of Cooley LLP regarding the shares are filed with the SEC and incorporated by reference into this report.